QAA F P5.1 (LO 2, 3), AP Kern's Book Warehouse distributes hardback books to retail stores and extends credit terms of 2/10, n/30 to all of its customers. During the month of June, the following merchandising transactions occurred. Excel June 1 Purchased books on account for $1,600 from Binsfeld Publishers, terms 2/10,n/30. 3 Sold books on account to Reading Rainbow for $2,500. The cost of the books sold was $1,440. 6 Received $100 credit for books returned to Binsfeld Publishers. 9 Paid Binsfeld Publishers in full. 15 Received payment in full from Reading Rainbow. 17 Sold books on account to Rapp Books for $1,800. The cost of the merchandise sold was $1,080. 20 Purchased books on account for $1,800 from McGinn Publishers, terms 2/15, n/30. 24 Received payment in full from Rapp Books. 26 Paid McGinn Publishers in full. 28 Sold books on account to Baeten Bookstore for $1,600. The cost of the merchandise sold was $970. 30 Granted Baeten Bookstore $ 120 credit for books returned costing $72. Instructions Journalize the transactions for the month of June for Kern's Book Warehouse using a perpetual inventory system Journalize, post, and prepare a partial income statement Donna Wawelure Stare wamnleted the following